The ages of 16 and, later in life, 70, are when we are at our happiest, according to research conducted by the Resolution Foundation.

After the age of 16, happiness levels remain relatively constant until they fall between your mid-20s and early 50s, researchers found. After this point, they rise again – peaking in your 70s.

The report also looked at the impact various economic factors have on happiness. Unsurprisingly, home ownership (as opposed to renting), higher incomes, being in employment and good health all correlated with greater wellbeing.

“Well-being matters to all of us, and yet we’ve only recently started to collect serious data on how happy people are with their lives,” said George Bangham, policy analyst at the Resolution Foundation.

“This important data shows that there is more to life than a country’s GDP, but that the employment and income trends that lie behind our economy can make a big difference to our well-being too.”

This isn’t the first study to look at the relationship between age and happiness. A 2013 study of German adults also looked into this area, with slightly different results – the LSE researchers found life satisfaction peaks at the age of 23, and then again at 69.

While such studies prove age is no barrier to happiness, a new book featuring older couples shows you can also find romance at any age.